EURUSD, “Euro vs US Dollar”
EURUSD has completed a correction wave to 1.0562. Today the market continues developing a declining wave to 1.0502. Breaking this level downwards, the potential for a wave down to 1.0444 could open. After the price reaches this level, a correction to 1.0502 (with a test from below) looks possible.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has completed a correction wave to 1.2218. A declining movement to 1.2141 is forming. Breaking the level downwards, the price might open the potential for a wave to 1.2066. When this level is reached, a link of correction to 1.2141 (with a test from below) could follow. Next, a decline to 1.1953 is expected.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY continues forming a consolidation range around 149.49 without a strong trend. With an escape from this range downwards, the potential for a correction to 148.98 might open. With an escape upwards, the potential for a rise to 150.75 could follow.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has completed a wave of correction to 0.8993. Today the market has started developing a rising movement to 0.9044. Breaking the level upwards, the price might open the potential for a wave of growth to 0.9090. This is the first target. Next, a decline to 0.9044 (with a test from above) and a rise to 0.9244 could follow.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has completed a wave of correction to 0.6366. A link of decline to 0.6315 is expected. Breaking this level downwards, the price could open the potential for a wave to 0.6265. Next, a link of correction to 0.6315 is expected (with a test from below). Then a decline to 0.6191 might follow.
BRENT
Brent is forming a consolidation range around 89.10. With an escape downwards, a correction link to 87.77 is not excluded. With an escape upwards, the wave of growth could extend to 92.92. This is a local target.
XAUUSD, “Gold vs US Dollar”
Gold continues forming a consolidation range under 1927.00. With an escape downwards, the wave of decline might develop to 1870.00. Upon reaching this level, a link of growth to 1898.00 and a decline to 1820.30 could follow. This is a local target.
S&P 500
The stock index has completed a wave of correction to 4384.5. A declining wave to 4343.0 might begin. Breaking this level downwards, the potential for a wave of decline to 4232.0 could follow. This is a local target.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.